Portland, OR, April 04, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global cephalosporin market garnered $11.86 billion in 2017, and is expected to reach $14.02 billion by 2025, registering a CAGR of 2.0% from 2018 to 2025. The report provides an extensive analysis of top impacting factors, market size & estimations, drivers & opportunities, key segments, and competitive intelligence.
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Growth Drivers and Industry Trends
Rise in incidence of infectious diseases, surge in R&D activities for discovery of combination drugs, and increase in funding for antibiotics development drive the growth in the global cephalosporin market. However, side effects related to cephalosporin and antibiotic resistance restrain the market growth. On the other hand, new opportunities from emerging nations create opportunities for the future.
Based on generation, the third-generation cephalosporin segment held the major position in 2017, contributing nearly two-fifths of the total share. This segment is expected to maintain its lead position throughout the forecast period. However, the fourth-generation cephalosporin segment would grow at the highest CAGR of 2.8% from 2018 to 2025. The research also analyzes first-generation, second-generation, and fifth-generation cephalosporin.
Segmentation Analysis of the Industry
Based on type, the branded segment contributed the highest market share, accounting for nearly three-fifths of the total share in 2017, and is expected to continue to dominate throughout the forecast period. This segment would register the highest growth rate, with a CAGR of 2.3% from 2018 to 2025. It is a lucrative segment and present numerous growth opportunities. The report also explores generic type of cephalosporin.
Asia-Pacific contributed the largest market share based on revenue in 2017, accounting for nearly three-fifths of the total share. This region would continue to dominate in terms of revenue during the forecast period. However, LAMEA is expected grow at the fastest CAGR of 4.2% during the forecast period, 2018–2025. The research also analyzes other regions including North America and Europe.
Industry Key Players
Leading market players active in the global cephalosporin market include Allergan Plc., F.Hoffmann-La Roche Ltd., Bristol-Myers Squibb Company, Lupin Limited (Lupin Pharmaceuticals, Inc.), GlaxoSmithKline Plc, Novartis International AG, Merck & Co. Inc., Sanofi, Pfizer Inc., and Teva Pharmaceutical Industries
Ltd. They have adopted various strategies including partnerships, collaborations, mergers & acquisitions, and others to gain a strong position and sustain in the industry.
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